Vietnam: Racing towards being the denim leader

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//feature presentation
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Will denim be able to gain its foothold in
Vietnam?
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Export of denim apparels from Vietnam to the US
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US 173 million
US 207.29 million
US 248 million
2016
2018(Tentative)
2017
19.6
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20.49 million pcs
25.24 million pcs
27 million pcs
2016
2018(Tentative)
2017
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(No Transcript)
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When the industry is growing, then why the
struggle...
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Produces high-end garments, like ski jackets,
leather jackets and outerwear, so the volume is
always less
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The unfortunate part is that very few have
invested in laundry in Vietnam and most of them
still use outside laundry, SM Junaid Javed,
Executive Chairman, SM Group
Negligible investment in laundry
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Expensive labour in VietnamIn Vietnam, the
minimum wage is, on average, US 165 while it is
just US 68 in Bangladesh
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Labour moving to fast-growing electronics sector
and tourism industry
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Yet, the future of Vietnam looks bright
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Top garment exporters are growing in
Vietnam Phong Phu International 18 to 24
million pcs per yearSaitex International 5
million pcs per year Nhabe Corporation 5
million pcs per year
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The companies having their own denim mills
Prosperity Textiles 43,891,200 mtrs.
annually TCE Denim 38,404,800 mtrs.
annually Phong Phu International 24,000,000
mtrs. annually Sasha Denim under consideration
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• Big players from Taiwan, Korea and China are
  investing and investing big in Vietnam

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TCE Denim's latest project of 30 million meters
per annum kicks off in Hoa Xa IZ in Nam Dinh
province
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Upcoming FTAs between EU and Vietnam to enhance
investment opportunities
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CPTPP will further boost Vietnams economic
reforms
4 increase of export growth rate
3.8 increase of import growth rate
32 increase of Vietnam GDP
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Denim is improving fast in Vietnam and what is
good is that there is now more investment on
technology and machinery. So, I am sure Vietnam
is slowly heading towards being the denim
leader Jordi Calucho, Technical Marketing
Executive, Archroma

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What more could be done....
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More denim consultants from Europe need to be
associated with denim factories
More initiatives on saving water and energy
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The progress is slow but Vietnam is all set to be
the denim leader in the years to come
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With a formidable reputation for excellent needle
work and churning out flawless jackets with any
number of panels, even the most complicated
products with highest number of value additions
are possible in Vietnam - Anil Mishra, Country
Manager, Asmara Vietnam

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Vietnam is one of the worlds leading
destinations for investors in the textile
garment industry due to the bilateral and
multilateral agreements that the country has
signed. CPTPP and FTA are only going to
facilitate the development of the industry
Nguyen Thi Tuyet Mai, Secretary General, VITAS

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